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Supplier set to arrive before Mercedes
German-based Kolbenschmidt Pierburg, a producer of components for Mercedes A-Class engines, will invest up to 120 million euros in a plant in Dej, Cluj county. The same area is also the targ...
UPC said to consider replacing head of Romanian subsidiary
American-born Richard Anderson, 58, will be replaced as chief executive of UPC Romania - the largest cable TV operator on the domestic market. His replacement comes as a result of the declin...
Raal expects to post 70m-euro business
Bistrita-based Raal, a manufacturer of cooling systems for automotive, agriculture and constructions equipment, forecasts turnover worth around 70 million euros this year, up 75% on 2007. La...
Ardaf set to double turnover and get rid of losses
Ardaf, one of the ten biggest insurance companies on the market, plans to end this year with gross underwritten premiums worth 100m euros, double the level reached last year. "Our goal is to...
Romania's best cities to work in
Employees and human resources specialists have decided that Bucharest, Timisoara, Cluj, Brasov and Sibiu are the best cities to work in, an analysis conducted by ZF reveals. The cities were...
Transport business brings 70m euros to Dumagas
Craiova-based Dumagas Transport, a company held by the Dugaesescu family, aims to maintain the over 50% growth rate registered over the last few years, and this year targets turnover worth a...
Population's overdue payments double to 159m euros
The population's overdue payments for credits climbed to 573.2 million RON (equivalent to 159 million euros) in December last year, a two-fold increase in RON, according to data from the Nat...
Romanians still like to have their coffee at home
Coffee outlets, hotels and restaurants are still a long way off becoming the preferred places for coffee drinkers with Romanian consumers continuing to prepare their own coffee at home, reve...
Ascendis in negotiations to sell 30% stake
Ascendis, one of the largest players on the consulting and training market in Romania, is in talks with an Austrian company to sell a 30% stake. "The Austrian company is small, with turnover...